NOT LISTED FOR SALE

702 W 5th St Anderson, IN 46016

Estimated Value: $89,000 - $126,076

4 Beds
3 Baths
2,000 Sq Ft
$54/Sq Ft Est. Value

Last Sold January 10, 2023

Last sale price $75,000 $38 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $713/month

110 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • 3-minute walk to Horne Park

About This Home

As of January 2023

This conveniently located 4 unit property has historically rented for $500 per unit with the tenants paying their own utilities. The seller pays water and sewer. It is located on a corner lot with parking behind the building off the alley. Potential for great ROI!

Last Agent to Sell the Property

Jeff Weightman

Weightman Realty Group, LLC Listed on: 07/22/2022

Last Buyer's Agent

Jeff Weightman

Weightman Realty Group, LLC Listed on: 07/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $656

Year Built

  • Built in 1905

Lot Details

  • 5,759 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Block Foundation
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Community Details

  • Howards Subdivision
  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for ins hazard, insurance, lawncare
  • Tax Lot 13
  • Assessor Parcel Number 481112302219000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$656

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub Type: Fourplex
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1905
  • Lot Size Acres: 0.1322
  • Road Frontage Type: City Street
  • Structure Type: Quadruplex
  • Subdivision Name: Howards
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: weightmanrealty@aol.com
  • Special Features: None

Interior Features

  • Levels: Two
  • Owner Pays: Ins Hazard, Insurance, Lawncare
  • Gross Area Sq Ft: 2000
  • SqFt Total: 2000

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Foundation Details: Block, Slab
  • List Price: 120000

Garage/Parking

  • Parking Features: Gravel
  • Unit Parking: Parking Lot

Utilities

  • Utilities: Electricity Connected
  • Laundry Features: No Laundry Facil.
  • Solid Waste: No

Fee Information

  • Expenses: 2200

Lot Info

  • Lot Features: Corner Lot
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 5759
  • Parcel Number: 481112302219000003
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 656
  • Tax Lot: 13
  • Semi Annual Property Tax Amt: 328
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Jan 10, 2023
Sold by
Chen Li Feng
Bought by
Amamathanderson Llc
Seller's Agent
Jeff Weightman
Weightman Realty Group, LLC
Buyer's Agent
Jeff Weightman
Weightman Realty Group, LLC
List Price
$120,000
Sold Price
$75,000
Premium/Discount to List
-$45,000
-37.5%
Views
136
Current Estimated Value
$107,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,019
Avg. Annual Appreciation
15.28%
Original Mortgage
$86,680
Interest Rate
6.33%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 9, 2016
Closed on
Sep 8, 2016
Sold by
M Jewell Llc
Bought by
Chen Li Feng
Seller's Agent
Michael Lawson
RE/MAX Real Estate Solutions
Buyer's Agent
Jeff Weightman
Weightman Realty Group, LLC
List Price
$48,500
Sold Price
$35,500
Premium/Discount to List
-$13,000
-26.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%

Purchase Details

Closed on
Sep 26, 2013
Sold by
Madison County Auditor
Bought by
M Jewell Llc

Purchase Details

Closed on
Jul 25, 2011
Sold by
Seleyman Mark
Bought by
Jones Ora

Purchase Details

Closed on
Jul 14, 2009
Sold by
Deutsche Bank National Trust Co
Bought by
Seleyman Mark and Seleyman Kelly

Purchase Details

Closed on
Feb 13, 2009
Sold by
Bontrager Alan L
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Oct 4, 2005
Sold by
Keesling Jack R
Bought by
Bontrager Alan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
8.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Amamathanderson Llc $75,000 Absolute Title Inc
Chen Li Feng -- --
Chen Li Feng -- --
M Jewell Llc -- --
Jones Ora $500 --
Seleyman Mark -- --
Deutsche Bank National Trust Co $28,000 --
Bontrager Alan L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amarnathanderson Llc $112,700
Closed Amamathanderson Llc $86,680
Previous Owner Bontrager Alan L $56,000
Previous Owner Bontrager Alan L $14,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2023 01/10/23 Sold $75,000 -37.5% $38 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
10/29/2022 10/29/22 For Sale $120,000 0.0% $60 / Sq Ft
10/20/2022 10/20/22 Pending -- -- --
10/15/2022 10/15/22 For Sale $120,000 0.0% $60 / Sq Ft
09/24/2022 09/24/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $120,000 0.0% $60 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $120,000 +238.0% $60 / Sq Ft
09/08/2016 09/08/16 Sold $35,500 -19.1% $18 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
03/30/2016 03/30/16 Price Changed $43,900 -9.5% $22 / Sq Ft
03/09/2016 03/09/16 For Sale $48,500 -- $24 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,462 $65,800 $6,200 $59,600
2023 $1,100 $60,000 $6,000 $54,000
2022 $1,106 $60,200 $5,700 $54,500
2021 $683 $37,000 $5,600 $31,400
2020 $656 $35,400 $5,400 $30,000
2019 $968 $34,500 $5,400 $29,100
2018 $942 $31,600 $5,400 $26,200
2017 $314 $31,400 $5,400 $26,000
2016 $299 $29,900 $5,400 $24,500
2014 $1,120 $56,000 $6,000 $50,000
2013 $1,120 $56,000 $6,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21873050

MIBOR Broker Listing Cooperative®

APN: 48-11-12-302-219.000-003